Apple Group(603020)2023-04-26 16:00Financial Performance - The company reported a total distributable profit of RMB 974,714,624.81 as of December 31, 2022[6]. - The company's operating revenue for 2022 was CNY 3,202,241,477.58, a decrease of 4.26% compared to CNY 3,344,556,762.67 in 2021[28]. - The net profit attributable to shareholders for 2022 was CNY 110,023,003.81, down 45.70% from CNY 202,604,790.46 in 2021[28]. - The basic earnings per share for 2022 was CNY 0.2893, representing a decline of 52.80% compared to CNY 0.6130 in 2021[29]. - The total assets at the end of 2022 were CNY 3,870,460,661.92, an increase of 0.62% from CNY 3,846,474,199.48 at the end of 2021[28]. - The company reported a net cash flow from operating activities of CNY 82,416,476.23 in 2022, down 39.78% from CNY 136,869,229.20 in 2021[28]. - The weighted average return on equity for 2022 was 3.59%, a decrease of 4.91 percentage points from 8.50% in 2021[29]. - The company achieved operating revenue of RMB 3.202 billion, a slight decrease of 4.26% compared to the same period last year[37]. - The net profit attributable to shareholders was RMB 110 million[37]. Dividend and Share Repurchase - A cash dividend of RMB 0.60 per 10 shares (including tax) is proposed, amounting to a total of RMB 22,538,266.44 for 375,637,774 shares eligible for the dividend[6]. - The total amount of share repurchase in 2022 was RMB 78,584,235.60, which is considered as cash distribution for the purpose of calculating the annual cash dividend ratio[7]. - The cash dividend distribution accounted for 91.91% of the net profit attributable to shareholders of the listed company for the year[7]. - The total amount of cash dividends, including share repurchase, for 2022 is projected to be 101,122,502.04 RMB[191]. - The company will not conduct capital reserve transfers or issue bonus shares in 2022[187]. - The company emphasizes a cash dividend policy, prioritizing cash distributions to shareholders[185]. - The company has implemented a share repurchase program amounting to 78,584,235.60 RMB in 2022, which is treated as part of the cash dividend[187]. Business Operations and Strategy - The company is focusing on core resources and deepening its main business, particularly in the dairy and beverage sectors[38]. - The company is enhancing its product performance through continuous technological innovation and strict quality control[39]. - The company is optimizing its operational efficiency by implementing cost reduction measures and improving inventory management[39]. - The company is committed to developing a diversified product structure to maintain its core competitiveness[38]. - The company is actively constructing a food ingredient R&D and manufacturing base to adapt to market diversification trends[38]. - The company aims to leverage government support to enhance its competitive position in the food industry[45]. - The company is exploring new market opportunities through potential mergers and acquisitions to expand its product offerings and market reach[45]. Market and Industry Trends - The domestic market demand is substantial, driven by rising disposable income and evolving consumer preferences for diversified food products, leading to an expanding market capacity for food flavorings and ingredients[56]. - The rapid development of cold chain storage and logistics technology has provided significant support for the industry's production scale and quality improvement[56]. - The chocolate market in China is experiencing a rapid growth rate of 10%-20% annually, presenting significant opportunities for domestic manufacturers[120]. - The demand for high-quality, low-sugar, and organic chocolate is increasing, driven by health-conscious consumers[121]. - The global cocoa and industrial chocolate market is projected to grow at a rate of 2%-4.4%, reaching a market size of 61.34 billion USD by 2027[119]. Governance and Compliance - The company has a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights and interests[137]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements and effective governance[140]. - The company actively manages investor relations through various channels to enhance communication and protect investor interests[145]. - The company has strengthened its internal control systems and continues to improve governance structures to promote sustainable and healthy development[147]. - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[165]. Research and Development - The company has a strong R&D capability, holding 53 invention patents and 26 utility model patents[75]. - The company has invested significantly in research and development, accumulating a vast number of formulas to innovate and improve product offerings[62]. - The company is committed to continuous research and application of flavoring products, focusing on functional flavor development and green synthesis processes[126]. - The number of R&D personnel is 138, accounting for 10.70% of the total workforce[94]. Environmental Responsibility - The company invested approximately 9.59 million yuan in environmental protection during the reporting period[199]. - The company maintained compliance with pollution discharge standards, with no exceedances reported for major pollutants such as COD, ammonia nitrogen, nitrogen oxides, and sulfur dioxide[200]. - The company emphasizes environmental protection and has established a comprehensive environmental management system, but may face challenges from stricter future regulations[134].